Computer Monitor Market by Type (LCD Monitor, LED Monitor, CRT, Others), Application (Commercial, Gaming, Others) and Region, Global trends and forecast from 2024 to 2030

Computer Monitor Market Segmentation Analysis

The global Computer Monitor market is divided into three Type, Application and region. By Type it is divided as LCD Monitor, LED Monitor, CRT, Others. LCD Monitor holds largest market share. Liquid crystal technology is used by LCD monitors, which are among the most common on the market, to modulate light and create images. These monitors are renowned for having bright color displays, thin profiles, and low power consumption. LED monitors are a subset of LCD technology that offer better dynamic contrast ratios and energy efficiency by using light-emitting diodes as a backlight source.

In contrast, CRT monitors are older cathode ray tube technology and were more widely used in the past. These monitors employ phosphorescent screens and electron beams to produce images. CRT monitors were once widely used and are still found in some specialized applications, but their larger designs and higher power consumption have made them less popular. Emerging technologies that might not fit neatly into the previously mentioned categories are included in the “Others” category. This can include cutting-edge display technologies that are currently under development or specialty goods with distinctive characteristics. In this category, new monitor types might appear as the market develops further.

By Application, it is divided into Commercial, Gaming, Others. In this Commercial holds the largest market share. Commercial monitors are intended for use in offices and general business settings. They handle duties like editing documents, working with spreadsheets, sending emails, and using other common office programs. In order to increase productivity in professional settings, commercial monitors frequently place a high priority on features like high resolution, color accuracy, and ergonomic design. Additionally, these monitors might have connectivity choices for different office equipment.

The demands of gamers are specifically catered for in gaming monitors. High refresh rates, minimal input lag, and technologies like FreeSync or G-Sync to reduce screen tearing and improve gaming performance are common features of these monitors. To improve the immersive gaming experience, gaming monitors can also include advanced graphics features, vivid colors, and higher resolution displays. Since many gamers prefer larger screens with thin bezels, size and design are also important factors to take into account when choosing a gaming monitor.

Specialized applications that might not fall neatly into the commercial or gaming categories are included in the “Others” category. These can include monitors made specifically for use in the medical imaging, industrial applications, or content creation (e.g., graphic design, video editing). This category may also benefit from emerging technologies and niche markets, which would reflect the varied and dynamic nature of monitor applications.

Computer Monitor Market Dynamics

Driver

Monitors supporting HDR provide a wider range of colors and improved contrast, enhancing the overall visual experience for users.

Compared to conventional monitors, HDR-capable monitors are able to display a wider range of colors. Images produced with this broader color gamut are more vivid and realistic. For professionals and content creators who depend on accurate color representation, this is especially crucial. The contrast ratio between an image’s brightest and darkest areas is increased by HDR. This results in a more realistic and dynamic visual experience by making details in both well-lit and shadowed areas more visible. This is particularly apparent when playing video games or watching movies in different lighting settings. Higher brightness levels are possible with HDR monitors than with conventional monitors. In scenes with bright highlights, like sunlight or artificial lighting, this increased brightness helps create a more immersive experience.

HDR makes it possible to better preserve details in an image’s bright and dark areas. This guarantees more realistic and nuanced highlights and shadows, making for a more detailed and immersive visual experience. Dynamic tone mapping, which modifies brightness and contrast scene-by-scene, is a common feature of HDR monitors. By doing this, the display is guaranteed to adjust to the content being viewed, maximizing the visual quality for every unique situation. HDR-compliant content must be produced and distributed in order to fully benefit from HDR. The availability of HDR-compatible content on gaming consoles, streaming services, and other media sources has prompted more people to purchase HDR-capable monitors. The gaming community especially values high dynamic range. HDR-compatible video games can offer a more lifelike and gorgeous visual experience.

Restraint

Developed markets may experience saturation, where a large percentage of the population already owns computer monitors.

Both individuals and businesses may experience reduced income or budgetary constraints during uncertain economic times. Consequently, they give priority to necessities over luxuries like replacing or upgrading computer monitors. Upgrading technology, such as buying new monitors, may be put off by companies and consumers until the economy improves. It’s possible to use current equipment longer before thinking about replacements. Small and medium-sized businesses (SMEs) in particular may decide to postpone or reduce investments in non-essential items like office equipment like monitors in favor of maintaining core operations. Future prospects are frequently viewed as unpredictable due to economic uncertainty. Due to this uncertainty, people and businesses may adopt a more frugal spending strategy and put off making non-urgent purchases.

Businesses may decide to delay plans for expansion or reduce staff during a recession. This may result in less demand for office supplies, such as monitors for recently installed workstations. Consumer confidence may suffer from economic uncertainty. Consumers are likely to spend less on non-essential items when they are less optimistic about the future, which will impact the demand for a variety of consumer goods, including computer monitors. Businesses that are having financial difficulties may decide to reduce expenses, and one area that they may choose to cut back on is capital expenditures for things like computer monitors. Although working remotely is becoming more and more common, businesses’ investment in remote work infrastructure may be impacted by the state of the economy. Buying extra monitors for home offices is part of this.

Opportunities

The demand for HDR-compatible monitors is likely to increase with the growing popularity of HDR content.

By extending the range of brightness levels and color gamut, HDR technology creates a visual experience that is more dynamic and lifelike. This is especially apparent in scenes that have a lot of contrast, like vivid highlights and dark shadows. HDR technology has been adopted by the gaming industry to improve the realism of in-game graphics. Since many contemporary video games are made to utilize HDR, players will find this to be a desirable feature. Professionals in the content creation industry, such as graphic designers and video editors, are also drawn to HDR monitors. The enhanced contrast and color accuracy facilitate working with high-quality media. Because HDR-compatible monitors are compatible with streaming services like Netflix and Amazon Prime, users who wish to experience high-quality streaming experiences.

HDR standards have been set by groups such as the Ultra HD Alliance, guaranteeing a uniform and excellent HDR experience on various devices. Consumers are likely to favor monitors that adhere to these standards more. In response to this demand, monitor manufacturers have produced models that support HDR, and various HDR standards, including Dolby Vision and HDR10, are frequently used. However, since not all HDR implementations are the same in terms of peak brightness, color depth, and overall performance, it is imperative that consumers verify a monitor’s specific HDR capabilities.

Computer Monitor Market Trends

• For better clarity and detail, consumers are becoming more interested in high-resolution displays, such as 4K and even 8K monitors. Wider aspect ratio ultrawide monitors are becoming more and more common, especially with professionals and gamers who need more screen real estate.

• Because they provide a more engaging viewing experience, curved monitors are growing in popularity. This trend is especially noticeable in the gaming industry, where curved screens can improve immersion and the perception of depth in games.

• Higher refresh rate monitors are sought after by both professionals and gamers who want more responsive and fluid graphics. For gamers, low latency means that there is less of a wait between input and on-screen action.

• A growing trend in monitors is the integration of HDR technology, which offers a greater range of colors and improved contrast ratios.

• Although OLED technology is more frequently linked to televisions, interest in OLED monitors is rising. Compared to conventional LCD monitors, OLED displays have higher contrast ratios, quicker response times, and more vibrant colors.

• The COVID-19 pandemic has accelerated the trend toward remote work, which has raised demand for home office-appropriate monitors. For people who work from home, ergonomic designs, blue light filters, and adjustable stands have become more crucial.

• Innovation in monitors is still being driven by the gaming industry. Fast response times, adjustable RGB lighting, and variable refresh rates (NVIDIA G-Sync and AMD FreeSync) have become essential features for gaming monitors.

Competitive Landscape

The competitive landscape of the Computer Monitor market was dynamic, with several prominent companies competing to provide innovative and advanced Computer Monitor solutions.

1. Samsung
2. LG
3. ASUS
4. Acer
5. Lenovo
6. ViewSonic
7. AOC
8. BenQ
9. MSI
10. NEC
11. Philips
12. Sony
13. Toshiba
14. Panasonic
15. EIZO
16. Sharp
17. Hannspree
18. Viotek
19. Dell
20. HP

Recent Developments:

December 19, 2023: Panasonic Life Solutions India (PLSIND) and Panasonic Corporation (PC) in collaboration with a leading seed stage venture capital (VC) – 100X.VC announced the shortlist of 12 start-ups from over 140 entries received for the ‘Panasonic Ignition’ Corporate Innovation accelerator program. Panasonic aims to mentor, guide, and fund early to mid-stage startups that are creating innovative solutions in the field of Energy Management for commercial spaces.

October 09, 2023: Sony Corporation (“Sony”) today announced the launch of FP7000 spectral cell sorter that supports high-speed, high-parameter sorting with more than 44 colors with simple workflows, leveraging its patented spectral technology-based optics, advanced electronics and fluidics. The new high-parameter spectral cell sorter is configurable with up to 6 lasers and 182 detectors enabling the detection and sorting of cell populations of interest, using complex panels comprised of more than 44 colors. It also supports multiple nozzle sizes for optimized sorting of a wide range of cell types. Its high-speed, real-time spectral unmixing capability, which separates the emission signature of each fluorophore from the composite spectral signal from the multi-color sample analyzed, combined with high sheath pressure and reliable drop-delay calibration, enables up to 6-way sorting of populations at event rates of 25,000 events per second.

Regional Analysis

North America accounted for the largest market in the Computer Monitor market. North America accounted for 38% of the worldwide market value. The need for efficient and immersive computing experiences, along with rising demand for high-resolution displays and technological advancements, have made North America a major market for computer monitors. The three countries that make up the region—the US, Canada, and Mexico—all influence the market’s general dynamics.

The need for computer monitors has been impacted by trends like gaming, multimedia consumption, and remote work in the United States, a significant player in the global technology market. Because of the COVID-19 pandemic and the trend towards remote work, there is a greater need for high-quality monitors to boost productivity and design cozy home offices. Canada, whose population is becoming more and more tech-savvy, has seen comparable developments in the computer monitor industry. The nation’s emphasis on adopting new technologies and its robust economy have both helped to fuel the monitor market’s consistent expansion. The market has also benefited from the Canadian government’s initiatives to advance digital literacy and technological infrastructure. Mexico’s computer monitor market has grown as a result of the country’s growing middle class, rising disposable income, and urbanization. The demand for quality monitors has also been influenced by the need for digital solutions in a number of industries, including business and education.

Target Audience for Computer Monitor Market

• Graphic designers
• Gamers
• Video editors
• Programmers
• Financial analysts
• Architects
• Content creators
• CAD (Computer-Aided Design) professionals
• Photographers
• Students
• IT professionals
• Business executives
• Multimedia professionals
• Architects
• Data analysts

Import & Export Data for Computer Monitor Market

Exactitude consultancy provides import and export data for the recent years. It also offers insights on production and consumption volume of the product. Understanding the import and export data is pivotal for any player in the Computer Monitor market. This knowledge equips businesses with strategic advantages, such as:

1. Identifying emerging markets with untapped potential.
2. Adapting supply chain strategies to optimize cost-efficiency and market responsiveness.
3. Navigating competition by assessing major players’ trade dynamics.

Key insights

• Trade volume trends: our report dissects import and export data spanning the last five years to reveal crucial trends and growth patterns within the global Computer Monitor market. This data-driven exploration empowers readers with a deep understanding of the market’s trajectory.

• Market players: gain insights into the leading players driving the Computer Monitor trade. From established giants to emerging contenders, our analysis highlights the key contributors to the import and export landscape.

• Geographical dynamics: delve into the geographical distribution of trade activities. Uncover which regions dominate exports and which ones hold the reins on imports, painting a comprehensive picture of the industry’s global footprint.

• Product breakdown: by segmenting data based on Computer Monitor types –– we provide a granular view of trade preferences and shifts, enabling businesses to align strategies with the evolving technological landscape.

Import and export data is crucial in reports as it offers insights into global market trends, identifies emerging opportunities, and informs supply chain management. By analyzing trade flows, businesses can make informed decisions, manage risks, and tailor strategies to changing demand. This data aids government in policy formulation and trade negotiations, while investors use it to assess market potential. Moreover, import and export data contributes to economic indicators, influences product innovation, and promotes transparency in international trade, making it an essential component for comprehensive and informed analyses.

Segments Covered in the Computer Monitor Market Report

Computer Monitor Market by Type, 2020-2030, (USD Billion) (Thousand Units)

• LCD Monitor
• LED Monitor
• CRT
• Others

Computer Monitor Market by Application, 2020-2030, (USD Billion) (Thousand Units)

• Commercial
• Gaming
• Others

Computer Monitor Market by Region, 2020-2030, (USD Billion) (Thousand Units)

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Key Question Answered

• What is the expected growth rate of the Computer Monitor market over the next 7 years?
• Who are the major players in the Computer Monitor market and what is their market share?
• What are the end-user industries driving market demand and what is their outlook?
• What are the opportunities for growth in emerging markets such as Asia-Pacific, the middle east, and Africa?
• How is the economic environment affecting the Computer Monitor market, including factors such as interest rates, inflation, and exchange rates?
• What is the expected impact of government policies and regulations on the Computer Monitor market?
• What is the current and forecasted size and growth rate of the global Computer Monitor market?
• What are the key drivers of growth in the Computer Monitor market?
• Who are the major players in the market and what is their market share?
• What are the distribution channels and supply chain dynamics in the Computer Monitor market?
• What are the technological advancements and innovations in the Computer Monitor market and their impact on product development and growth?
• What are the regulatory considerations and their impact on the market?
• What are the challenges faced by players in the Computer Monitor market and how are they addressing these challenges?
• What are the opportunities for growth and expansion in the Computer Monitor market?
• What are the product offerings and specifications of leading players in the market?